Micron Is Up 6% Today: Is It Outperforming Other Memory Stocks Like SanDisk and Western Digital?

Micron shares rose about 6% midday, leading a broader rebound in memory and storage stocks after a steep weekly decline. SanDisk climbed roughly 4% while Western Digital was flat. The pullback left all three companies with large one-year gains despite the recent correction. Micron’s outperformance is linked to high-bandwidth memory and DRAM demand tied to AI accelerator volumes. Cloud Memory revenue reached $5.28 billion in the last quarter, nearly doubling year over year with a 66% gross margin. Guidance for Q2 FY2026 projected $18.7 billion revenue and non-GAAP EPS of $8.42 at the midpoint, with gross margin near 68%. SanDisk reported $5.95 billion revenue, up 251% year over year, with gross margin rising to 78%, alongside a mix shift toward datacenter NAND.

"Micron's leverage to high-bandwidth memory (HBM) and DRAM tied to AI accelerator volumes is the proximate catalyst. The company's last quarter showed Cloud Memory revenue of $5.28 billion, nearly doubling year over year at a 66% gross margin. Management's Q2 FY2026 guidance called for revenue of $18.7 billion and non-GAAP EPS of $8.42 at the midpoint, with gross margin near 68%. Micron Technology CEO Sanjay Mehrotra stated that "Our Q2 outlook reflects substantial records across revenue, gross margin, EPS and free cash flow.""

"The bounce follows a sharp correction across the entire memory and storage group. Heading into today, MU stock was down 14% over the past week, SNDK shares were off 14%, and WDC shares had dropped 11%. So yes, Micron is outperforming today. The longer-frame picture is more interesting. Even after the sharp pullback, all three names are sitting on enormous one-year gains. SanDisk's 3,461% trailing-twelve-month return ranks among the most explosive moves in public markets."

"SanDisk's last report featured revenue of $5.95 billion, up 251% year over year, with gross margin expanding to 78%. CEO David Goeckeler called the quarter "a fundamental inflection point" for the company's mix shift toward datacenter NAND. That story, paired with SanDisk's scarcity value as a NAND pure-play following its"

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